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Wilmington attorneys advise property owners on eminent domain

Wilmington attorneys advise property owners on eminent domain

WILMINGTON, NC (WWAY) — The Military Cutoff Extension project is set to affect more than a hundred property owners in New Hanover County. The NC Eminent Domain Law Firm hosted a meeting for property owners to show people how they can get everything they can from the NCDOT. Attorneys say the project estimates puts it at $112 million. For Elizabeth Wooten, it is unfortunate her land sits in the path of the planned Military Cutoff extension. “It’s devastating. We are looking at losing a significant portion, possibly all of it. And we are no longer going to have access to...

September Wilmington Real Estate News

September Wilmington Real Estate News

  RALEIGH — North Carolina’s housing market is recovering nicely from the national housing crisis around 2005 and 2006. Economists, bankers and real estate experts are talking about that and challenges facing the housing market during the annual American Mortgage Conference in Raleigh this week. First time homeowner Blaine Wiles just moved into his new townhouse a little more than a week ago. “I was in a two bedroom apartment right before this,” he said. “I feel like with renting, I was just throwing my money away.” But he was nervous about applying for a mortgage, considering the roller coaster...

Council approves ‘cottage housing’ resolution | Wilmington NC News

Council approves ‘cottage housing’ resolution | Wilmington NC News

Councilman Neil Anderson’s proposed cottage houses, or small single family homes with similar square footage as a duplex or townhome, to be built on vacant land in neighborhoods. “This is a choice for the developer,” Anderson said. “Is this the right thing, the wrong thing for that piece of property? Is there a market for it? Because they’re going to have to get more money for it. It’s a lot cheaper to build duplexes and triplexes with shared walls then it is single family.” Anderson says that each location would be evaluated and zoned accordingly and the city would make...

Slow and steady as she goes Wilmington NC!

Slow and steady as she goes Wilmington NC!

Wilmington, NC – May 2014 – New Home Closings Numbers Give Hints Market Drop is Slowing – Builder Magazine The Wilmington, NC market saw a drop in new home closings year-over-year in May, but compared with April 2014, the percentage decline was less steep, suggesting that the market may be leveling out. New home closings saw a 12.7% decline from a year earlier to 48. This was after the housing market saw a 60.7% decline year-over-year in April. A total of 399 new homes were sold during the 12 months that ended in May, down from 406 for the year...

Wilmington Renters on the Move

Wilmington Renters on the Move

Interesting Wilmington Real Estate news. Hope it starts turning around! Renters start snagging downtown’s new luxury apartments Allen Davis, Wilmington’s urban design planner, can see plenty of downtown rooftops from the window of his office, but he wants to see many more. That’s because the more densely a downtown is built and populated, the better the odds of luring attractive development, he said. Downtown Wilmington has seen changes since its early days – from a center of commerce to downtrodden district to once more a destination aft… The area has received attention from a number of national travel sites and...

Was Morrison Bridge contractor caught in ‘experiment gone wrong?’

Was Morrison Bridge contractor caught in ‘experiment gone wrong?’

Enlarge Photo Ian Sane via Wikimedia Commons The work on the Morrison Bridge — which aims to rectify problems stemming from construction performed just two years ago — could cause lane closures for several months. A Washington construction company that’s catching heat for the Morrison Bridge’s continued issues believes it’s been vindicated by new plans to replace certain bridge materials. The Oregonian reported Wednesday that Ridgefield-based Conway Construction pointed to Multnomah County’s $7.3 million plan to fix the bridge’s lift span deck indicates that the fault lies in the materials, as opposed to the work of Conway and other contractors....

Pomo Development ready to start 26-home The Woods at Bradley Street

Pomo Development ready to start 26-home The Woods at Bradley Street

Jeff Paul is unearthing a plan to build a street on Mount Washington last considered in the 1940s for 26 homes called The Woods at Bradley Street. “The street was never developed so people don’t really know that it exists,” said Paul. Paul, whose Pomo Development recently completed the sold-out Sweetbriar Village in the neighborhood, expects to begin construction on the privately funded road and the new single-family homes after receiving approval this week from the Pittsburgh Planning Commission. He estimated the development will cost around $9 million to develop, with the new single-family homes expected to be priced starting...

Condo developer buys Finnegan’s bar on Miami River

Condo developer buys Finnegan’s bar on Miami River

Enlarge Photo A company led by New York developer Meyer Chetrit acquired the Finnegan’s bar property on the Miami River for $11.5 million and plans to build a condo there. Ocean Drive Clevelander, led by Anthony Karpawich, sold the 39,495-square-foot property at 401 S.W. Third Ave. to CG Miami River, led by Chertrit. The 10,871-square-foot bar includes a pool along the river, but perhaps not for much longer. According to a Miami Today story in May, Chetrit Group submitted plans to the Miami River Commission for four 60-story condo towers with a total of 1,449 units, plus a marina and...

Townhomes for Sale at The Courtyard at Masonboro

Townhomes for Sale at The Courtyard at Masonboro

[embedded content] by Desiree Whalen. Curious to sneak a peek at those new townhomes for sale on Jasper Pl behind Halligan’s and Siena Trattoria in The Courtyard at Masonboro? Me too! I’ve just added a new page to my site where you can see all the listings online right now – including photos and price information. Follow this link to have a look: Townhomes for Sale at The Courtyard at Masonborohttp://www.desireewhalen.com/thecourtyardatmasonboro.php These new construction townhomes are all 3 bedroom units in the desirable Parsley Elementary/Roland-Grise Middle/Hoggard High School district, just down the road from the Wilmington Municipal Golf Course, 10 minutes from the...

Bid farewell to Capitol Riverfront’s St. Matthew’s Baptist, Crossfit Petworth coming soon

Bid farewell to Capitol Riverfront’s St. Matthew’s Baptist, Crossfit Petworth coming soon

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OP Council creates TIF district for $40M mixed-use project

OP Council creates TIF district for $40M mixed-use project

The Overland Park City Council voted 11-0 Monday to create a redevelopment district for a $40 million mixed-use project at the southeast corner of 80th Street and Metcalf Avenue. The vote was a step toward granting tax increment financing for the project, which calls for 230 luxury apartments over 10,000 square feet of office space and 6,000 to 8,000 square feet of retail space. Tentatively called Crossroads 80, the project is being developed by Steve Coon, Terry O’Leary and Mike McKeen of ePartment Communities. The firm is known for its similar, highly successful Mission Farms projects in Leawood and Overland...

Rochester construction jumps 35 percent from 2013

Rochester construction jumps 35 percent from 2013

Building activity in Rochester is hot, with construction spending for the first half of 2014 up by more than 35 percent from a year ago. And the bulk of building for Mayo Clinic’s big expansion hasn’t even heated up yet. The Post-Bulletin has a quick take on the numbers: $169.5 million spent in construction, versus $125.3 million in the first six months of 2013. This year’s activity is greater than five of the last six years (2012 was the outlier). RELATED: $6B Mayo Clinic project sparks land rush The construction is pretty broad-based. The only sector to show a slowdown...

Sacramento region leads nation in apartment occupancy increase

Sacramento region leads nation in apartment occupancy increase

Jul 7, 2014, 7:15am PDT Updated: Jul 7, 2014, 7:34am PDT Enlarge Photo Todd Quam | Digital Sky Aerial Imaging The hunt for housing in Sacramento’s core has more multifamily property owners mulling renovations, such as those recently completed for the The Elan at H & 25th streets. Apartment occupancy in the Sacramento region is on the rise – so much so that it leads the nation, by one company’s estimate. During the second quarter of 2014, occupancy rose to 96.1 percent, a 16-point improvement over the same quarter a year earlier. It was the greatest increase nationally seen by...

Here’s a breakdown of last month’s 207 high-end real-estate deals (and the 1,741 smaller deals, too)

Here’s a breakdown of last month’s 207 high-end real-estate deals (and the 1,741 smaller deals, too)

Jul 7, 2014, 10:07am EDT Updated: Jul 7, 2014, 10:25am EDT Enlarge Photo A total of 207 high-end real-estate transactions were recorded in Erie County last month, according to listings that were released this morning. High-end deals are defined as any transaction for $250,000 or more. They broke down this way in June: 12 deals worth $1 million or more 25 transactions valued between $500,000 and $999,999 170 deals in the range from $250,000 to $499,999 Complete listings from the Erie County Clerk’s Office can be accessed in the database below. They include all 1,948 real-estate transactions recorded last month....

Mortgage rates lower than a year ago

Mortgage rates lower than a year ago

Enlarge Photo Matthew Staver | Bloomberg Freddie Mac (OTC: FMCC) says a 30-year fixed-rate mortgage fell to 4.12 percent in the week ending July 3. A year ago, 30-year rates averaged 4.29 percent. Borrowers may never see mortgage rates as low as they were at the end of 2012, but rates remain cheap. In fact, long-term rates are lower than they were a year ago. Freddie Mac (OTC: FMCC) says a 30-year fixed-rate mortgage fell to 4.12 percent in the week ending July 3. A year ago, 30-year rates averaged 4.29 percent. A 15-year fixed-rate mortgage averaged 3.22 percent this...

Millennials missing from housing market? Not for one Waukesha realtor’s office

Millennials missing from housing market? Not for one Waukesha realtor’s office

Enlarge Photo Feverpitched One area real estate executive says that the idea that millennials are squatting in the apartment market just doesn’t ring true for his agents, who are seeing a strong 2014 sales volume so far. Most area brokers are seeing only light participation by millennials in the homebuying market, but that under-35 crowd is making 2014 a strong year for sales at the Waukesha First Weber Group office. (See the story on how millennials are affecting bankers and real estate companies in the July 4 edition of the Milwaukee Business Journal.) Through the first four months of the...

Corporate campus move: U.S. Tennis Association complex

Corporate campus move: U.S. Tennis Association complex

Enlarge Photo HKS Architects Inc. The new $60 million U.S. Tennis Association’s regional training complex will span 63 acres and include 106 tennis courts for professional and recreational use. Description: U.S. Tennis Association will build a $60 million, 63-acre training complex in Lake Nona. The complex will include 270,000 square feet of space with 106 tennis courts and 586 parking spaces. It will house the association’s player development division, relocating from Boca Raton, and recreational tennis division, moving from the association’s headquarters in White Plains, N.Y. Timing: It will open in fourth-quarter 2016. Why it’s significant: It will create up...

Man on fire: One Orlando CBRE broker closed 28 deals and has 28 more in the works — jealous?

Man on fire: One Orlando CBRE broker closed 28 deals and has 28 more in the works — jealous?

Enlarge Photo Jim Carchidi Shelton Granade, executive vice president of capital markets and the multihousing group at CBRE Inc. Orlando Shelton Granade, 40, is a hot shot at CBRE Inc. Orlando. The multifamily market — Granade’s specialty — is heating up for commercial real estate, so he’s been closing deals worth millions of dollars left and right in the past year. Here, Granade talks about his biggest deals, why he loves the sector and how losing even one deal is tough: Real estate deals landed in the past year? 28 for a value of $850 million How many are you...

Snapshot: Report says cost to live American dream ($133K) + Five things rich people know (VIDEO)

Snapshot: Report says cost to live American dream ($133K) + Five things rich people know (VIDEO)

Jul 4, 2014, 8:01am EDT Updated: Jul 4, 2014, 8:54am EDT Enlarge Photo Ingram Publishing Cost to live American dream for family of four is $133,000, according to a new study. Carla Caldwell, Morning Edition Editor Weather * A mix of sun and clouds are forecast for Atlanta on July 4. High: 84. Low: 64.Click here for more weather information from Atlanta Business Chronicle broadcast partner WXIA-TV. Today’s Talkers *An analysis by USA Today shows that living the American dream would cost the average family of four about $130,000 a year. Only 16 million U.S. households – one in eight...

Pabst office nears completion, while apartment construction just beginning: Slideshow

Pabst office nears completion, while apartment construction just beginning: Slideshow

Jul 4, 2014, 7:00am CDT Updated: Jul 4, 2014, 7:57am CDT View Photos Scott Paulus Work began on the Frederick Lofts property in early June. Two developers that have done many of the projects in The Brewery in Milwaukee are working on separate projects simultaneously, as one prepares to finish an office building later this month and another starts work on new apartments. See the attached slideshow for pictures of both developments. The duo is Blue Ribbon Management LLC and Gorman & Co. Inc. They have worked on several projects in the former Pabst Brewing Co. campus near downtown Milwaukee....

Titan’s Spencer: Initiatives needed for ABQ economy

Titan’s Spencer: Initiatives needed for ABQ economy

Enlarge Photo Randy Siner | Albuquerque Business First Ben F. Spencer of Titan Development Co. says politics needs to change to spur economic growth. Count Ben F. Spencer in the group of commercial real estate executives that are concerned about jobs and the economy. Spencer has made the rounds in the CRE world, landing at Titan Development Co., where he’s been the CEO since 1999. Spencer has spent a fair amount of time in Texas too — he got an MBA at Southern Methodist University — but he is a Roswell-born, third-generation New Mexican who attended New Mexico State University,...

Removing the technical education stigma

Removing the technical education stigma

Enlarge Photo Donna Abbott-Vlahos | Albany Business Review Panelists from left, David Davis of Simmons Machine Tool Corp.; Oliver Robinson of Shenendehowa schools; Laura Schweitzer of Union Graduate College; and Terry Swett, a director at Capital Region BOCES. Oliver Robinson says a high school’s success is too narrowly defined by the number of students it sends to four-year colleges. Students, too, are only seen as successful if they graduate and go on to four-year schools. Robinson, superintendent of the Shenendehowa schools in Clifton Park, was speaking in favor of more robust career and technical education at a recent Albany Business...

The Gibson corridor disconnect

The Gibson corridor disconnect

The stretch of Gibson Boulevard near the Sunport and I-25 has been booming in recent years with a variety of commercial development. Broadstone Towne Center is an anchor there, one that spurred restaurants and retail, including a Dion’s Pizza and Buffalo Wild Wings. The massive multifamily project is one of many successful collaborations across the city between Titan Development and Phoenix’s Alliance Residential. Nearby is The Cottages of New Mexico, a huge project that is in the home stretch of development and is eyeing an August opening. The Cottages are a massive 35-acre student housing development that consists of 786...

City’s script for Fort Mac still being written

City’s script for Fort Mac still being written

View Photos Ariel view of Fort McPherson property. Filmmaker Tyler Perry’s plans to turn most of Fort McPherson into a movie studio would rewrite the script for the idyllic 488-acre property located halfway between downtown Atlanta and Hartsfield-Jackson Atlanta International Airport. Atlanta Mayor Kasim Reed and Perry have become leading players in a seven-year play to transform and redevelop Fort McPherson following the closing of the Army base, a presence in the area since 1885. Previous master plans to redevelop the property have called for more than 100 acres of the beautifully landscaped golf course to be converted into a...

North Carolina firm joins multifamily spree, lands Stoughton site for $54M

North Carolina firm joins multifamily spree, lands Stoughton site for $54M

Enlarge Photo Fueled by strong rents and a limited inventory of homes for sale, the Bay State apartment market’s exceptional run is fostering a frothy dealmaking environment among investors seek a bite of the apple. This summer is shaping up as the year of the mega-multifamily transaction in Massachusetts. Fueled by strong rents and a limited inventory of homes for sale, the Bay State apartment market’s exceptional run is fostering a frothy dealmaking environment among investors seek a bite of the apple. Earlier this week the Boston Business Journal reported that DSF Group of Waltham had set a new pricing...

2,500-home Mather South project could begin construction late next year

2,500-home Mather South project could begin construction late next year

Enlarge Photo iStock Mather South, a project that includes 2,500 homes and would be south of Rancho Cordova, is at the outset of an environmental impact report that could go before county supervisors in about a year. One of four master-planned projects working their way through Sacramento County’s approval process is beginning the environmental review stage, and construction could be about 18 months away. Mather South, a project that includes 2,500 homes and would be south of Rancho Cordova, is at the outset of an environmental report that could go before county supervisors in about a year. Phil Rodriguez of...

Sutter Pointe home project meets key goal by lining up water service

Sutter Pointe home project meets key goal by lining up water service

Enlarge Photo John Foxx Sutter Pointe, a master-planned development in south Sutter County, is slowing checking all the boxes it must complete before getting underway. The latest step: identifying a source of water. Sutter Pointe, a master-planned development in south Sutter County that has been on the books for two decades, is slowing checking all the boxes it must complete before getting underway. The latest step: identifying a source of water. Golden State Water Co. announced this week a California Public Utilities Commission ruling in favor of allowing the company to provide service to Sutter Pointe. The company also said...

Laviolette sells Raleigh home, while other former Hurricanes keep local real estate

Laviolette sells Raleigh home, while other former Hurricanes keep local real estate

View Photos John West – Staff Photojournalist Former Carolina Hurricanes head coach Peter Laviolette has sold his house at 3400 Spartina Court in Raleigh, according to county records. Former Carolina Hurricanes head coach Peter Laviolette, who took the team to its first (and so far only) Stanley Cup win in 2006, has sold the house he’d built in 2004 in south Raleigh near Lake Wheeler. It’s also been five years since Laviolette was fired from the Hurricanes and picked up by the Philadelphia Flyers. He’s now the head coach of the Nashville Predators. But when a professional hockey player or...

Atlanta construction supplier expands to Birmingham

Atlanta construction supplier expands to Birmingham

Enlarge Photo Zillow Atlanta’s Construction Resources Inc. has opened a Birmingham location. Construction Resources Inc., an Atlanta-based construction supply company has opened an Alabama location. CR Home of Alabama Inc. occupies 32,000 square feet at 201 West Oxmoor Road after a June opening. Jack Brown of Graham & Co. negotiated the lease. Mitch Hires, co-owner with his brother Sonny Hires and business partner Bob Schoen said the company is equipped to supply both residential and commercial contractors in products that range from countertops to tile. “We’re excited,” Hires said in an interview. “We feel like Birmingham is a good opportunity...

Cullum Homes buys Paradise Valley subdivision for $23M

Cullum Homes buys Paradise Valley subdivision for $23M

Jul 2, 2014, 5:44am MST Updated: Jul 2, 2014, 7:18am MST Staff Phoenix Business Journal MTS Builders LLC, a unit of Scottsdale-based Cullum Homes, recently closed on the Mountain Shadow Estates subdivision in Paradise Valley for $23 million, according to the Rose Law Group Reporter. The residential development is in the block southeast of Lincoln Drive and 56th Street. As part of the purchase, Cullum entered an agreement with the seller to allow future residents of Mountain Shadows Resort Estates club privileges for the western redevelopment portion of the Mountain Shadows Golf Resort. Read more here.

Home sale prices creep up in Milwaukee area, but lag national increase

Home sale prices creep up in Milwaukee area, but lag national increase

Enlarge Photo Kings Way The U.S. has seen 27 consecutive months of increasing home sales. Milwaukee-area home prices edged up 0.8 percent in May over the previous year, lagging increases at both the state and national level, according to CoreLogic. Wisconsin’s overall prices were up 2.3 percent in May compared with the same month of 2013, including distressed sales. For the Milwaukee area, excluding those distressed sales, prices are up 1.8 percent in May 2014 compared with the previous year. Nationwide, prices were up 8.8 percent in May, including distressed sales. Reporter Sean Ryan covers commercial and residential real estate...

Stock Building Supply opens second Charlotte-area store in Troutman

Stock Building Supply opens second Charlotte-area store in Troutman

Jul 1, 2014, 10:33am EDT Updated: Jul 1, 2014, 10:39am EDT Enlarge Photo Stock Building Supply Holdings Inc. of Raleigh has opened a new store in Troutman to serve the Charlotte region. Stock Building Supply Holdings Inc. (NASDAQ:STCK) of Raleigh has opened a store in Troutman to serve the Charlotte region. It’s the second Stock Building Supply store in the Charlotte area. The other one is in Rock Hill. The company considers the new store part of its “organic expansion” in the region, says Jeff Rea, president and CEO of Stock Building Supply. “Charlotte represents an attractive and growing housing...

Sold: $31.5 million for Doylestown apartment community

Sold: $31.5 million for Doylestown apartment community

Enlarge Photo ​Zencorr Properties bought Center Square Towers, an apartment community in Doylestown, Pa., for $31.5 million. Zencorr Properties bought Center Square Towers, an apartment community in Doylestown, Pa., for $31.5 million. The 350-unit, two-building complex at 555 N. Broad St. was sold by AIMCO. SSH Real Estate represented the buyer in this off-market transaction. The complex was constructed in 1975 and 97 percent occupied at the time of sale. This is the largest acquisition for Zencorr, which was formed by Piero Corrado, Christopher Zentgraf and Sandro Corrado in 2007 and based in Doylestown. The real estate firm plans to...

Homebuilder takes different approach in Folsom

Homebuilder takes different approach in Folsom

Enlarge Photo sculpies At least half the homes in a Folsom master-planned project will have garages in back and front doors facing a path rather than a street. First houses are expected to be for sale early next year. Another builder is bringing a housing project to Folsom with a slightly different feel, on prominent lots formerly owned by Lewis Group of Companies. Within the next few weeks, Woodside Homes will begin work on the 147-lot Island at Parkshore project on Parkshore Drive, said Brian Cutting, Woodside’s director of land acquisition. “We like the 50 corridor, and we’ve been trying...

South Oak Park apartments, riddled with damage, razed by city

South Oak Park apartments, riddled with damage, razed by city

Enlarge Photo Dennis McCoy | Sacramento Business Journal A decaying apartment building in south Oak Park is being torn down after the owner finally agreed to pay for demolition costs and other penalties and fines levied by the city of Sacramento. A rundown apartment building in south Oak Park is no more, to the relief of neighbors and city officials. Demolition on the 11,000-square-feet apartments, at 5218 Martin Luther King Jr. Boulevard, began Friday morning and by mid-afternoon, clean-up had already begun for the debris. City officials said full clean-up would be complete within another day. Built in the 1960s,...

Related’s Santa Clara megaproject: New details on costs, delays, city lease deal

Related’s Santa Clara megaproject: New details on costs, delays, city lease deal

Enlarge Photo Via city of Santa Clara This map shows the Montana/Lowe project and the first phase of Related California’s City Center project, dubbed Parcel 4, near the new Levi’s Stadium. The other three parcels would be built out later. The city of Santa Clara could eventually reap more than $22 million a year from a massive mixed-use complex on what is now a city-owned landfill and BMX track a short hop from almost-complete Levi’s Stadium. But developer Related California first needs more time to work through complicated pre-development issues. The Santa Clara City Council on Tuesday will consider extending...

VA may give developers a chance to renovate Soldiers Home’s iconic buildings for vet housing

VA may give developers a chance to renovate Soldiers Home’s iconic buildings for vet housing

Enlarge Photo Lee Matz The Old Main building, completed in 1869, has been used only for storage for several years. The federal government may give private developers the chance to renovate historic buildings in the Milwaukee Soldiers Home property for affordable housing or support services for homeless veterans. It is a new approach for the U.S. Department of Veterans Affairs, which owns the campus of post-Civil War-era buildings at the Clement J. Zablocki VA Medical Center. The department has been renovating the buildings and using them for its operations. But the call to developers issued June 23 would let them...

Veranda on Highland will be rebranded as Galley & Garden

Veranda on Highland will be rebranded as Galley & Garden

Enlarge Photo Chef Jimmy Boyce. Huntsville chef James Boyce announced in April that he and his wife Susan were taking over operations at Veranda on Highland and were going to rebrand the popular restaurant. The restaurant, located at 2220 Highland Ave., will now be called Galley & Garden. According to a report from AL.com, Boyce has combined the kitchen with a newly landscaped outdoors venue for guests who wish to dine outside, and construction on the project is underway. Jeff Dungan of Dungan Nequette Architects will handle the structural part of the design and June Mays of June Mays Garden...

What’s happening with your commute this week?

What’s happening with your commute this week?

Enlarge Photo File photo A series of overnight closures are set to begin this weekend and last up to the holiday weekend as work continues on the Ohio River Bridges Project. A series of overnight closures are set to begin this weekend and last up to the holiday weekend as work continues on the Ohio River Bridges Project. Each week, the bridges project releases a schedule of upcoming roadwork with closings and lane restrictions included in the report. As part of our ongoing coverage, Business First has selected some of the major closures and lane restrictions that might affect your...

Open House This Weekend in Kure Beach at Ocean Dunes!

Open House This Weekend in Kure Beach at Ocean Dunes!

[embedded content] by Desiree Whalen. Hi everyone! Headed out to the North Carolina Aquarium or Museum at Fort Fisher this Sunday? Then stop on by my Open House at my listing in the Ocean Dunes condominium community in Kure Beach! If you’ve been looking for a condo close to the beach in this area, this is a perfect opportunity for you to check out a great property this weekend! Here’s the details:What: Open House!When: Sunday June 29th 1-4 PMWhere: 1100 S Fort Fisher Blvd Unit 2202B Kure Beach, NC 28449 A little more about the property… Ocean Dunes unit 2202B...

Demand for downtown living sparks preleases

Demand for downtown living sparks preleases

Enlarge Photo Novare Group SkyHouse Houston is set to open next month and is already almost a quarter pre-leased. If the recent wave of development is any indicator, downtown Houston is hot. Not only is downtown getting more multifamily projects to meet the demand, people are snapping up those apartments and condos before they officially open their doors. One example, the new downtown SkyHouse Houston, is set to open next month and is already almost a quarter preleased. The 24-story, 336-unit luxury high-rise apartment, located at 1625 Main, broke ground in spring 2013. It was the first project to be...

Trinity Industries to acquire Meyer Steel Structures for $600M

Trinity Industries to acquire Meyer Steel Structures for $600M

Jun 27, 2014, 2:59pm CDT Updated: Jun 27, 2014, 3:32pm CDT Enlarge Photo orcea david steel factory Trinity Industries Inc. (NYSE: TRN) says it has entered into an agreement to acquire the assets of Meyer Steel Structures, the utility steel structures division of Thomas & Betts Corp., in a cash deal worth approximately $600 million. The transaction is expected to close during the third quarter. Memphis-based Meyer provides tubular steel structures for electricity transmission and distribution. Meyer’s products include engineered poles, H-frames, light duty poles and substation structures. The company employs more than 1,100 people and has manufacturing facilities in...

Is your house or condo a ‘hot’ listing? Redfin picks top Austin homes for sale

Is your house or condo a ‘hot’ listing? Redfin picks top Austin homes for sale

Jun 27, 2014, 2:51pm CDT Updated: Jun 27, 2014, 3:04pm CDT View Photos Twist Tours One of the “hot homes” on the market in Austin is 1104 Brentwood St., according to Seattle-based Redfin. Redfin, the national real estate brokerage and research firm, has unveiled a feature that determines whether a house on the market is likely to sell quickly. And it has identified some of the hottest home listings on the market in Austin. The “hot homes” designation identifies a listing that has an 80 percent chance or higher of having a contract signed within two weeks of its market...

The Villages named most popular active adult community for 2014

The Villages named most popular active adult community for 2014

Jun 27, 2014, 10:12am EDT Enlarge Photo The Villages once again topped 55 Places’ list of the 100 most popular active adult communities in America. The Villages once again topped 55 Places’ list of the 100 most popular active adult communities in America. Communities on this prestigious list won their positions based on the number of visitors to each community’s page on 55Places.com over the past year. Here’s what 55 Places had to say about The Villages: Once again The Villages wins the distinction of being the most popular active adult community in America by a landslide with more than...

Danville development challenged in court fight

Danville development challenged in court fight

Jun 27, 2014, 7:09am PDT Updated: Jun 27, 2014, 7:32am PDT A proposed 69-unit housing development in Danville has been hit by a court challenge, with a judge leaning in favor of residents trying to stop the project, the Contra Costa Times reports. A tentative ruling by Contra Costa County Superior Court Judge Steve Austin said the town improperly altered its general plan to allow the SummerHill Homes development without first gaining voter approval. If the ruling is finalized, any residential development at the Magee Ranch site, where the project is planned, would require voter approval.

Mortgage rates fall for a second week in a row

Mortgage rates fall for a second week in a row

Enlarge Photo Karen Roach | Thinkstock Long-term mortgage rates eased this week for a second week in a row. Freddie Mac says a 30-year fixed-rate mortgage averaged 4.14 percent in the week ending June 26, down from 4.17 percent the previous week. One year ago, a 30-year fixed-rate mortgage averaged 4.46 percent. A 15-year fix averaged 3.22 percent, down from 3.3 percent last week. A one-year adjustable-rate mortgage fell to 2.4 percent, from 2.41 percent. The latest housing-market data showed activity picking up in May with existing home sales increasing 4.9 percent and new home sales surging 18.6 percent, reaching...